Uninsured and underinsured motorist coverage (UIM) is insurance that protects you in the event you are in an accident in which the other driver is at fault, but doesn’t have enough insurance to help cover your possible loss of wages or pay for your injuries.Recommended Underinsure Motorist Coverage
Our recommendation is that you purchase as much uninsured motorist coverage as you can, even opting for $1,000,000 of UIM coverage if it’s available under your policy. UIM coverage is inexpensive, in most cases, adding no more than $100 a year to your policy – that’s good value, as a hospital stay can crank up your bill to tens, if not hundreds of thousands of dollars in rapid fashion.
Accidents happen in the blink of an eye. You may be doing everything right but still find yourself in a predicament. UIM insurance is a great safety net, though you wouldn’t now it from an article that Yahoo recently ran. They actually suggested that you should consider dropping your UIM coverage to save money. That’s bad advice… don’t fall for it. There are better places to cut corners.
